Banks, Insurance & Other Financial Institutions
Within the quickly moving financial sector, you need a team that can help you stay ahead of the challenges that banks, insurances and other financial institutions face today. Growing or changing regulations as well as the digitalisation of the industry require an increased focus on compliance. Although traditional brand names continue to dominate, FinTech, InsurTech, new methods of payment and new business models are growing stronger. The large variety of competitors, coupled with changes in consumer behaviour, demands more and more innovative products from all market players.
Whatever type of financial institution you represent, you can rely on our years of experience in the sector. As market leader in CEE/SEE, you benefit from our strong relationships with regulatory bodies and market players across the region. Our advice covers the whole legal spectrum; from financing and regulatory matters to M&A, from data protection and employment law to dispute resolution.
We are also familiar with the modern technological environment and you benefit from our experience in advising both traditional financial institutions and unregulated FinTech players on digitalization matters. Due to our multi-practice approach, we not only ensure your legal compliance and the legal viability of trailblazer projects but also safeguard your business needs and the requirements of the financial industry.
Insurance and Reinsurance
With direct experience in the insurance sector, you can rely on a team which is a market leader in the CEE/SEE region. You benefit from our strong relationships with regulatory bodies, local insurance business associations and market players across the region. Whether you are a national or international company, we can advise you on all types of insurance agreements, provide coverage opinions, act as monitoring counsel and represent you at all levels of court and administrative proceedings. Our experts are especially familiar with cybercrime protection, Warranty & Indemnity products, D&O and E&O matters, casualty and fidelity insurance, life policies, as well as professional liability. You can also turn to us for help with mergers and acquisitions, asset management, regulatory matters, portfolio transfer, and unfair competition issues.
One of the fastest developments in the wake of the digitalisation of the financial sector is the emergence of alternative payment services. We can advise you as credit institutions, non-banking financial institutions, e-money issuers as well as other payment service providers on licensing aspects, launching and structuring of your products to comply with national and international regulations (such as PSD 2) as well as on consumer protection aspects.
We support you on all regulatory issues related to the establishment, licensing and operation of branches, subsidiaries and services on a local and cross-border basis, including regulations such as Basel III and Basel IV.
Whether you are a project sponsor, developer, commercial bank, underwriter, debt or equity investor, supplier, export-credit agency, government, contractor, purchaser or lender, you need advice on financing sector developments. You can rely on our experts in acquisition, real estate and project finance to quickly and efficiently help turn ideas into reality. Learn more about our Banking & Finance practice.
Advising on M&A transactions in the financial sector has long been one of our key strengths. As one of the largest corporate and M&A teams across CEE/SEE, we can facilitate deal introductions and proactively work to find solutions and consensus to ensure that your transactions are successful. You can rely on our team of highly specialized transaction, regulatory and industry lawyers across our 13 offices who would be proud to work alongside you on your most important and challenging transactions and issues. Learn more about our Corporate, Commercial & M&A practice.
Data Protection and Information Security
Keeping transparency and customers' trust with regards to data is a key issue in the financial sector. With more innovation and more virtual break-ins come new, stricter regulations; which means staying up to date with your privacy policies and data security is more important than ever. We are here to help you do that while respecting your business needs with an eye toward your continued success. We advise you on the compliance of products and transactions, assist in filing necessary notifications to authorities and help to set up or review your internal procedures such as (cross-border) data transfers or Incident Response Plans for data breaches. Learn more about our Data Protection & Cyber Security practice.